Thursday, April 27, 2017

Price me this

I am told that California has found nirvana with 3% growth in 2015, and a job growth second only to Florida. Texas likely is doing at least 1%. Now, today we hear that Q1 GDP is up about 0%. Something is severely askew, because that makes the Northeast have something like a -1% growth, recession. If that is the result, fine, we all expected it.

The other theory is much worse. What if all that Florida, California, Texas miracle all collapsed in one quarter? That is a requant moment, the pit boss be busy.